Latest News
Report Documents Substantial Growth in Homeowners Insurance Claim Costs Fueled by Rapid Rise in Claim Severity and Recent Surge In Claim Frequency
Sep 25, 2012
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, an Insurance Research Council (IRC) study of homeowners insurance claim trends found.
Michigan’s No-Fault System Pressured by Catastrophic Claims, Changes in Treatment Patterns
Apr 12, 2012
New findings from an Insurance Research Council (IRC) study of no-fault auto injury insurance claims show that average claimed losses for medical expenses, lost wages, and other expenses related to injuries from auto accidents in Michigan grew 192 percent, or 13 percent per year, on average, betw
New Study Documents Long-Term Benefits of Rate Regulatory Reforms in Automobile Insurance Markets
Feb 23, 2012
A new study from the Insurance Research Council (IRC) provides clear evidence of the long-term positive effects of rate regulatory reform in automobile insurance markets.
Auto Injury Claim Costs Rise as Declining Claim Frequency Trends Come to an End
Dec 28, 2011
New findings from an Insurance Research Council (IRC) study of auto injury claim trends indicate that insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs.
Boosted by Fraud and Buildup, Claimed Auto Injury Losses in New York City Metro Area Far Outpace Inflation
Nov 22, 2011
New findings from an Insurance Research Council (IRC) study of personal injury protection (PIP) claims closed in 2010 show that claimed losses for medical expenses, lost wages, and other expenses related to injuries from auto accidents in the New York City area have risen 70 percent over the past
Third-Party Bad-Faith Reforms Enacted in 2005 Reduced Auto Liability Coverage Costs by an Estimated $200 Million in the First Five Years According to a New Report From the Insurance Research Council
Oct 11, 2011
According to a new study from the Insurance Research Council (IRC), third-party bad-faith reforms adopted by the West Virginia State Legislature in 2005 were estimated to have reduced underlying insurance coverage costs by approximately $200 million in the five-year period after the reforms were
MAJORITY OF PUBLIC DISAGREES WITH THE IDEA OF LOCAL GOVERNMENTS CHARGING ACCIDENT RESPONSE FEES TO INDIVIDUALS INVOLVED IN TRAFFIC ACCIDENTS
May 18, 2011
Sixty-eight percent of adults disagree with the idea that local governments should charge accident response fees to individuals involved in traffic accidents, according to a new study from the Insurance Research Council (IRC).
Recession Marked by Bump in Uninsured Motorists IRC Analysis Finds One in Seven Drivers Are Uninsured
Apr 20, 2011
Across the United States, chances are roughly one in seven that a driver is uninsured, according to new estimates from the Insurance Research Council (IRC).
Legislation Enacted in Washington State May Have Increased Homeowners Insurance Claim Costs by as Much as $190 Million Over Two Years, According to a New Report From the Insurance Research Council
Mar 30, 2011
According to a new study from the Insurance Research Council (IRC), evidence suggests that legislation adopted by the Washington State Legislature in 2007 and approved in a statewide voter referendum may have caused an increase in homeowners insurance claim costs in the state.